Knowledge Transfer Office

Funding Opportunities

In need of funding and resources for your business start-up? Here are some funding schemes offered by Knowledge Transfer Office (KTO)/Innovation Commons or other organizations for your reference.

Three funding schemes are offered exclusively to CityU entrepreneurs. They are designed specifically to offer funding support for three stages in a start-up’s life, in a seamless and connected funding model. As a CityU member, seize the opportunity and start your entrepreneurship now!

Funding Schemes Eligibility Funding Amount
Student Early Entrepreneurship Development Scheme (SEEDS)

Objective:
To fund student projects that lead to new products or services and new intellectual property for the more substantive funding support later on

Enquiry:
Ms Fanny Ho, KTO
Tel: 3442 6859
Email: fanny.ho@cityu.edu.hk
  • All CityU student teams
  • Each approved project team can receive funding support of an amount of HK$100,000 to HK$200,000.
Technology Start-up Support Scheme for Universities (TSSSU)

Objective:
To encourage university students, alumni and professors to start up technology businesses

Enquiry:
Ms Fanny Ho, KTO
Tel: 3442 6859
Email: fanny.ho@cityu.edu.hk
  • A company registered under the Companies Ordinance for not more than 2 years
  • The team forming the technology start-up may have any mix of CityU members.
  • Each selected start-up will be funded an annual funding capped at HK$1.5 million, for a maximum of 3 years
CityUE Investment Fund

Objective:
To create a repeatable model for CityU members to innovate in an entrepreneur-friendly environment

Enquiry:
Ms Agnes Lam, CityUE
Tel: 3442 6784
Email: CIFund@cityu.edu.hk
  • A company registered under the HKSAR Companies Ordinance for not more than 5 years as of the date of application
  • At least one key person who is associated with CityU
  • Up to an amount of HK$2.5 million in exchange for a maximum of 10% interest of the company, whichever the lower.

Here is a list of funding schemes offered by different organizations that you may find it useful for your business start-up.

Funding Schemes Eligibility Funding Amount
BUD Fund (Enterprise Support Programme)

Objective:
To provide funding support to individual Hong Kong enterprises in undertaking projects to develop brands, upgrade and restructure their business operations and promote sales in the ASEAN market and Mainland China market, so as to enhance their competitiveness and facilitate their business development in the ASEAN and Mainland China market

Enquiry:
Tel: 2788 6088
Email: bud_sec@hkpc.org
  • Non-listed enterprises registered in HK
  • A maximum of 50% of the total approved project cost
  • Each enterprise may obtain funding for a maximum of ten approved projects and HK$1 million each for the “Mainland Programme” and the “ASEAN Programme” during the tenure of the BUD Fund
Cyberport Creative Micro Fund (CCMF) - Cross-Boundary Programme

Objective:
To deepen participants’ experience of launching ideas in a multicultural environment and to facilitate business soft-landing and development in Mainland China, HK and overseas

Enquiry:
Tel: 3166 3900
Email: ccmf_enquiry@cyberport.hk
  • Individual between the ages of 18 and 30 (inclusive)
  • Currently enrolled in or have graduated within three years from a registered post-secondary education institution in HK, or other regions in Guangdong Province
  • HK$100,000 grant over six months to produce proof of concepts and prototype
Cyberport Creative Micro Fund (CCMF) - Hong Kong Programme

Objective:
To encourage innovation and creativity by sponsoring high potential digital tech start-up projects and business ideas

Enquiry:
Tel: 3166 3900
Email: ccmf_enquiry@cyberport.hk
  • HK Permanent ID card holders aged 18 or above
  • Non-HK Permanent ID card holders can only apply as companies registered and incorporated in Hong Kong
  • Principal applicant of individual applicant must be HK Permanent ID card holders aged between 18 and 35 years old
  • For company applicant, the business owner(s) of a limited company registered and incorporated in HK should age between 18 and 35 years old
  • HK$100,000 grant over six months to produce proof of concepts and prototypes
Cyberport University Partnership Programme (CUPP)

Objective:
To unleash participants’ full potential and gain insights into the global market

Enquiry:
Dr Sian Chan, KTO
Tel: 3442 6707
Email: sian.chan@cityu.edu.hk
  • Nominated by CUPP university partners
  • Teams with a maximum of 5 members from the same university
  • All team members must be between 18 and 30 years old (inclusive)
  • Currently enrolled undergraduate or postgraduate students or have graduated within 3 years from the university
  • Principal applicant of the team must be a HK Permanent ID Card holder
  • Projects must be FinTech related
  • HK$100,000 to CUPP winning teams
Enterprise Support Scheme (ESS)

Objective:
To encourage the private sector to invest in research and development (R&D)

Enquiry:
Tel: 2199 7004
Email: ess@itc.gov.hk
  • Incorporated or registered companies in HK under the Companies Ordinance
  • Company registered in HK under the Business Registration Ordinance
  • Not a government subvented organisation
  • Not a subsidiary of any government subvented organisation
  • Up to HK$10 million
General Support Programme (GSP)

Objective:
To support non-R&D projects that contribute to the upgrading and development of our industries as well as fostering an innovation and technology culture in HK

Enquiry:
Tel: 2957 8726
Email: enquiry@itc.gov.hk
  • An organisation in HK
  • Where the ITF funding for a project exceeds HK$30 million, approval from the Finance Committee of the Legislative Council is required
Patent Application Grant

Objective:
To encourage local companies and inventors to capitalise their intellectual work through patent registration

Enquiry:
Innovation and Technology Commission
Tel: 3655 5678
or
Hong Kong Productivity Council
Tel: 2788 5958
  • All locally incorporated companies, HK permanent residents or HK residents permitted to remain in HK for not less than 7 years which/who have never owned any patents in any countries or territories before
  • A grant of not more than HK$250,000 or 90% of the sum of the total direct cost of the patent application and the administration fee charged by HKPC, whichever is the lower
Good Seed Programme

Objective:
To drive for innovative solutions from young people to tackle poverty issues and promote social inclusion

Enquiry:
Tel: 3400 2628
Email: info@goodseed.hk
  • Current students (undergraduate/ postgraduate) of local higher education institutions
  • Graduates of local higher education institutions
  • Overseas graduates with HK citizenship
  • HK$100,000
Trade and Industrial Organisation Support Fund

Objective:
To provide financial support to non-profit-distributing organisations to implement projects which aim at enhancing the competitiveness of non-listed Hong Kong enterprises in general or in specific sectors.

Enquiry:
Tel: 2398 5128
Email: tsf_enquiry@tid.gov.hk
  • Non-profit-distributing organisations, (either statutory organisations or organisations registered under the laws of HKSAR)
  • The maximum amount of funding support for each approved project is HK$5 million, or 90% of the approved project expenditure, whichever is the less
SME Export Marketing Fund (EMF)

Objective:
To encourage small and medium enterprises (SMEs) to expand their markets outside HK by providing financial assistance to SMEs for participation in export promotion activities

Enquiry:
Tel: 2398 5127 / 2398 5125
Email: emf_enquiry@tid.gov.hk
  • Enterprises registered in HK under the Business Registration Ordinance (Cap. 310)
  • Must meet the Government’s definition of an SME
  • Have substantive business operations in Hong Kong at the time of making the application
  • Must not be the organiser/co-organiser/service provider or a related company of the organiser/co-organiser/service provider of the export promotion activity covered by the application
  • The cumulative amount of grants received must not exceed the prevailing cumulative grant ceiling if it has previously received EMF grants
  • The maximum amount of grant for each successful application (of one export promotion activity) will be 50% of the total approved expenditure incurred by the applicant enterprise or HK$ 100,000 whichever is the less
Social Innovation and Entrepreneurship Development Fund (SIE Fund)

Objective:
To establish or support schemes and experiments with a view to attracting, inspiring or nurturing social entrepreneurship to develop innovations that aim at creating social impact and build social capital for supporting poverty relief in Hong Kong

Enquiry:
Tel: 2165 7389
Email: siefund@effo.gov.hk
  • All interested parties, including individuals, NGOs and profit-making organisations, if they could provide innovative ideas to address poverty and social exclusion in HK
  • Diverse resources in support of research, capacity building and the entire life cycle of innovative programmes, from idea incubation and seed funding to implementation and eventual scale-up
Technology Voucher Programme

Objective:
TVP aims to subsidise local small and medium enterprises (SMEs) in using technological services and solutions to improve productivity, or upgrade or transform their business processes.

Enquiry:
Tel: 3523 1170
Email: tvp-enquiry@itc.gov.hk
  • Non-listed enterprises registered in HK
  • Not a government subvented organisation or subsidiary of any government subvented organisation
  • Enterprises which have substantive business operation in HK at the time of application
  • Up to HK$400,000
The Technology Talent Scheme - Postdoctorial Hub

Objective:
To nurture and bring together more technology talent by recruiting postdoctoral talent to assist in R&D projects

Enquiry:
For ITF Projects
Tel: 2957 8726
Email: enquiry@itf.gov.hk

For incubatees and I&T tenants of HKSTPC and Cyberport:
Tel: 3523 1189
Email: phspc_app@itc.gov.hk

For ITVF investee companies:
Tel: 3523 1189
Email: phitvf_app@itc.gov.hk
  • Organisations/ companies undertaking research and development (“R&D”) projects funded by the Innovation and Technology Fund (“ITF”) OR
  • Incubatees/ I&T tenants of HKSTPC and Cyberport, with incubation/ tenancy duration covering the proposed engagement period OR
  • Start-ups selected for co-investment under the Innovation and Technology Venture Fund (“ITVF investee companies”)
  • The concerned postdoctoral talent must possess a doctoral degree in a science, technology, engineering and mathematics (“STEM”)-related discipline from either a local university or a well-recognised non-local institution
  • Each ITF project can engage up to 2 postdoctoral talent at any one time
  • The maximum monthly allowance is HK$32,000 for each postdoctoral talent
Researcher Programme

Objective:
To encourage university graduates to pursue a career in innovation and technology (“I&T”) and nurture more I&T talents. The Researcher Programme consists of the following programmes

Enquiry:
For ITF Projects
Tel: 2957 8726
Email: enquiry@itf.gov.hk

For incubatees and I&T tenants of HKSTPC and Cyberport:
Tel: 3523 1189
Email: phspc_app@itc.gov.hk

For ITVF investee companies:
Tel: 3523 1189
Email: phitvf_app@itc.gov.hk
  • Organisations undertaking research and development (“R&D”) projects funded by the Innovation and Technology Fund (“ITF”) OR
  • Incubatees and all I&T tenants of HKSTPC and Cyberport (“RP-SPC”) with incubation/tenancy duration covering the proposed engagement period OR
  • Start-ups selected for co-investment under the Innovation and Technology Venture Fund (“ITVF investee companies”)
  • The concerned postdoctoral talent must possess a doctoral degree in a science, technology, engineering and mathematics (“STEM”)-related discipline from either a local university or a well-recognised non-local institution
  • Each ITF project can engage up to 2 researchers at any one time
  • The maximum monthly allowance is HK$18,000 for graduates with a Bachelor’s degree and HK$21,000 for graduates with a Master’s degree from a local university
Research and Development Cash Rebate Scheme

Objective:
To reinforce the research culture among private companies and encourage them to establish stronger partnership with designated local public research institutions

Enquiry:
Tel: 2957 8726
Email: crs-enquiry@itc.gov.hk
    The applied R&D project should be either one of the below listed:
  • Projects under the Innovation and Technology Fund (ITF) (ITF projects); or
  • Projects funded entirely by the companies and conducted by the designated local public research institutions (“Partnership projects”)
  • Cash rebate equivalent to 40% of company’s expenditure in two types of applied R&D projects (See “Eligibility”)

Besides internal and external funding schemes, you could also rely on other fund raising platforms or networks for growing your business start-up.

FringeBacker is dedicated to providing a range of options for online fundraising that make it effortless and fun – from reward-based crowdfunding for creative projects, to direct fundraising for charities, to empowering people to start their own peer-to-peer fundraisers.

http://www.fringebacker.com/
The Hong Kong Business Angel Network Limited has officially registered as a non-profit organization with the mission to foster angel investment in HK.

http://hkban.org/
The Hong Kong Venture Capital and Private Equity Association was established on November 12, 1987 with the objectives of promoting and protecting the interests of the venture capital industry in HK.

http://web.hkvca.com.hk/en/index.aspx
By giving entrepreneurs everywhere a platform to launch new and groundbreaking products, Indiegogo helps surface innovations in tech, design, and much more, all before they go mainstream.

http://www.indiegogo.com/
Kickstarter helps artists, musicians, filmmakers, designers, and other creators find the resources and support they need to make their ideas a reality.

https://www.kickstarter.com/